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Falcon Initiates Airborne Survey Over Its HSP South Project -Contiguous to Go Metals Corp.

VANCOUVER, BC / ACCESSWIRE / October 18, 2022 / Falcon Gold Corp. (TSXV:FG)(GR:3FA)(OTCQB:FG...

articleFalcon Gold Corp.October 18, 20224/company/falcon-gold-corp/news/falcon-initiates-airborne-survey-over-its-hsp-south-project-contiguous-to-go-metals-corp
Falcon Initiates Airborne Survey Over Its HSP South Project -Contiguous to Go Metals Corp.

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[{"type":"text","content":"Falcon Initiates Airborne Survey Over Its HSP South Project -Contiguous to Go Metals Corp.VANCOUVER, BC / ACCESSWIRE / October 18, 2022 / Falcon Gold Corp. (TSXV:FG)(GR:3FA)(OTCQB:FGLDF); (\"Falcon\" or the \"Company\")., is pleased to report the Company has contracted Balch Exploration to fly AirTEM surveys over the Corporation's large land position within the HSP Nickel-Copper-Cobalt Project area. (See figure 1.)AirTEM was successfully employed by Go Metals at their HSP Project area and ground follow-up of the identified AirTEM anomalies, including trenching and direct drilling, which led to their new nickel discovery.\"We are following the same successful strategy utilized by Go Metals and will be flying our entire land position within the HSP project area. Airborne electromagnetic and magnetic surveys are a proven exploration strategy to directly detect conductive nickel sulfide mineralization. We look forward to reporting back on the findings once the data has been collected and interpreted.\" Stated, Karim Rayani, Chief Executive OfficerFalcon HSP South ProjectOn October 5th the Company announced the acquisition of 413 claims covering 22,302 hectares of strategic ground through an option agreement and staking contiguous and proximal to Go Metals Corp, HSP Nickel Copper PGE Project 130 km north of Havre St. Pierre, Quebec. The staking covers approximately 135 km of prospective contact of the Havre St. Pierre Anorthositic Complex (HSAP) where Go Metals Corp recently announced the discovery of \"Wide Intervals of Nickel and Copper Sulphides\". (Go Metals Press Release Dated September 13, 2022). The most westerly block of the Falcon Gold claims covers the southwest extension of the Anorthositic Complex, on a prospective fold nose structure and is located less than 2.2 km from prominent airborne TDEM anomalies identified by Go Metals and host to the Nickel-Copper mineralization (Figure 1).Figure 1: Proximity of Falcon Gold Property to Go Metals Corp Mineralized TargetsFalcon's Other Battery Mineral PropertiesOn June 22nd, 2022, the Company acquired the Timmins West and Outarde nickel projects northeast of Timmins, Ontario and northwest of Baie-Comeau, QC respectively.Timmins West comprises of 1,940 hectares within the Kamiskotia gabbroic complex (KGC) located 20 kilometres (km) northwest of Timmins, Ont. The KGC is a gabbroic t...

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